NIOX Liquidity Mining Campaign

Autonio Foundation
Autonio
Published in
2 min readAug 25, 2020

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In order to bootstrap and incentivize adding liquidity we bring to you our NIOX liquidity mining campaign. We have allocated 300,000 NIOX tokens for this trial campaign which will run for 7-days between 27th August 12:00 PM GMT and 3rd of September 12:00 PM GMT.

What is liquidity mining?

Liquidity mining is a community-based, data-driven approach to market making, in which a token issuer or exchange can reward a pool of “miners” to provide liquidity for a specified token pair. You earn rewards by providing liquidity on exchanges or AMMs like Uniswap.

NIOX Liquidity Mining

NIOX Will be distributed as rewards to liquidity providers on ETH/NIOX pairs on Unsiwap. A total of 300,000 NIOX will be distributed at the end of the 7-day campaign to liquidity providers based on their share of liquidity. Based on the outcome of this campaign we may choose to continue the liquidity mining campaign with certain optimizations.

Reward distribution

1st — 75,000 NIOX
2nd — 60,000 NIOX
3rd — 30,000 NIOX
4th — 22,500 NIOX
5th — 15,000 NIOX
6th to 10th — 9,750 NIOX each
11th to 20th — 4,875 NIOX each

How can you participate?

  1. Participants must provide liquidity to the ETH/NIOX pool on Uniswap.
  2. After successfully contributing your crypto, liquidity providers will
    receive UNI-V2 pool tokens. These UNI-V2 tokens represent your share of the ETH/NIOX liquidity pool. The share of liquidity provided by the mining pool will of course be excluded from earning rewards.
  3. Our team will calculate the shares (UNI-V2 tokens) of ETH/NIOX liquidity pool in random snapshots for each day over a 1-week period. Liquidity providers need to supply liquidity in the ETH/NIOX liquidity pool over a period of 24 hours.
  4. The rewards will be distributed based on the amount of UNI-V2 tokens from each address in the ETH/NIOX liquidity pool.

Autonio Foundation Ltd.
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Contact: contact@autonio.foundation

Thanks!

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